After reading 100 lease agreements as a consultant I’ve figured out that although managers do this business very differently, there are common stipulations that belong in every lease regardless of your model or state regulations. Managers constantly add language that shouldn’t be there, language that complicates their processes and prevents them from being scalable, profitable and language that exposes them to unwanted litigation. Managers often copy and paste from other’s agreements without realizing they’re handcuffing themselves to archaic language that only hinders them from managing effectively. Agents often adopt their realtor association standardized agreement and don’t realize the limitations of the language in those agreements. Others just keep adding more and more stipulations in hopes of managing through their document instead of giving themselves the freedom they need to maximize profits and protect themselves. This is about building a killer lease agreement and is generic enough to fit every state and model.
This breakout session was done at a NARPM national conference in San Deigo in October of 2018 by Robert Locke and attorney Monica Gilroy.
There are no required materials for this course.